Flatchat Hikes Funding to Set Foot in Other Cities

Bangalore: Flatchat, a Bangalore based mobile platform that connects flat owners with flat mates, raises $2.5 million in its seed round of funding from an online real-estate platform CommonFloor. The company will utilize the funds to hire new talents for their product and engineering team and it is also planning to expand its area of operation to new cities.

Founded in 2013 by Gaurav Munjal and Aakrit Vaish, Flatchat enables the flat owners to connect with potential flat mates, prospective owners and other seekers by providing location and other requirement-based matches. The users can avail these services through its Android or iOS apps. Flatchat lists out the matches according to the users' needs; only a Facebook profile becomes the requisite.

As of now, the company offers its services in Bangalore, Mumbai, Delhi-NCR, Pune, Chennai and Hyderabad. Currently, the company has 40 employees and it claims to have crossed 50,000+ users across both Android and iOS platforms, with 80 percent of the user traffic coming from Android. More than 350,000 messages were exchanged on the platform last month and the product has seen a growth rate of 100 percent month-over-month.